Which of the Following Is False with Regard to Accounting

Multiple Choice

Which of the following is false with regard to accounting standards for segment reporting according to International Financial Reporting Standards (IFRS) and U.S. GAAP?

A) IFRS and U.S. GAAP do not each require disclosure of segment liabilities.
B) IFRS and U.S. GAAP both require disclosure of intangible assets attributable to geographic segments.
C) According to IFRS, operating segments can be based on products and services.
D) According to IFRS, operating segments can be based on geographic areas.
E) IFRS and U.S. GAAP both require disclosure of total assets.